Rules for When To Issue a 1099 Form to a Vendor – Updated for 2023
Nancy McClelland, LLC
DECEMBER 26, 2023
3) You may need to reconcile this form against the amount of sales income you report on your tax return. The IRS is now planning a phase-in of $5,000 for tax year 2024. 1098 This form is to report mortgage interest and real estate taxes.
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